I bought my flat in November 1998 for £125,000. I rented this out two weeks after.
I have sold this property in October 2002 for £250,000. I have only lived in this flat for 2 months (August 2002) as my main residence. The coucil tax, electorate roll, electricty bills etc were in my name for this two months.
Could you tell me how much CGT I have to pay and if I quality for the £40,000 relief or the 3 years exemption.
Thanks
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